This crypto winter and bearish market conditions have allowed developers, investors and projects to climb the ladder and build despite adverse market conditions.
In Bitfinex Alpha’s weekly on-chain data report, he explains that despite not being mentioned frequently in the current market, the NFT and DeFi sectors are topics that have received special attention from investors.
The analysis also notes that among these topics that have come up, in particular, are the trading and lending of on-chain NFTs, and the ability to capture TVL in these markets.
Although it is true that heNFT volumes have decreased “significantly”what is wanted is to make visible the future winners in the sector of non-fungible tokens, especially when the “trading volume and speculation” take an active role in the market again.
The weekly analysis further highlighted that the three sections of BTC accumulators without discussion are retail investors, whales, and miners.
At this point in particular, when it comes to retail investors, everything seems to indicate that these players are not so “worried” for the price of the asset, because the supply of bitcoin held by entities with 0.01 – 0.1 BTC and 0.1 – 1 BTC has increased exponentially.
Now in the case of the whales they point out, that big wallet deals have sprung up in the spot markets, in every instance where the price fluctuates below the barrier.
To conclude, Bitfinex Alpha Report highlighted that miner reserves have suffered a significant drop in recent months.for what they believe, that they could be contemplating “a world after the capitulation of the miners”, where in a positive way the retail and whale accumulation are reflected in a positive trend of reducing speculation in the “futures market”. ” on par with a large cash accumulation.
The report also reflects that the mining difficulty increased to 30,997t, which implies the discarding of the smallest players in the mining space.This, due to the high electricity costs involved in extracting the same amount of BTC, which in turn translates into an unprofitable extraction of the asset.
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